Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Marion Wealth Management

Marion Wealth Management boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,285 shares of the industrial products company’s stock after purchasing an additional 220 shares during the quarter. Marion Wealth Management’s holdings in Roper Technologies were worth $3,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ledyard National Bank grew its holdings in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 18 shares in the last quarter. Cromwell Holdings LLC grew its stake in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC increased its holdings in Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after buying an additional 21 shares during the last quarter. Ballast Advisors LLC raised its stake in Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after buying an additional 21 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after buying an additional 22 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ROP shares. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial restated a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Stock Performance

Shares of ROP traded up $5.29 during trading hours on Monday, reaching $508.00. 572,681 shares of the company’s stock traded hands, compared to its average volume of 690,203. The firm has a market capitalization of $54.47 billion, a price-to-earnings ratio of 37.16, a P/E/G ratio of 2.84 and a beta of 1.04. The business’s fifty day simple moving average is $543.00 and its two-hundred day simple moving average is $547.43. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.32 EPS. Analysts predict that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 24.14%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.